Faktor yang mempengaruhi cash flow perusahaan
Main Article Content
Abstract
The aim of this research is to identify the impact that cash flow, leverage, and company size have on the company's cash savings. Through the sampling method, using library study data collection techniques with data collection through the necessary reports. The technique used in this research uses panel data regression analysis. Based on the sample selection criteria determined in this research, this study conducted observations on 14 entities in the transportation and logistics sector listed on the Indonesia Stock Exchange in the 2017-2021 period. The data analysis approach used in this research is panel data regression analysis to obtain better research estimation results. The research results confirm that cash flow has a positive influence on cash savings, while leverage and company size do not affect cash savings. These findings reveal that the company utilizes positive cash flow to maintain the company's liquidity. Meanwhile, the company does not depend on debt and company size to carry out the company's operational activities.
Article Details
Jurnal Riset Pendidikan Ekonomi is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. The copyright of the received article once accepted for publication shall be assigned to the journal as the publisher.
References
Almeida, H., Campello, M., Cunha, I., & Weisbach, M. S. (2014). Corporate liquidity management: A conceptual framework and survey. Annual Review of Financial Economics, 6, 135–162. https://doi.org/10.1146/annurev-financial-110613-034502
Astuti, N., Ristiyana, R., & Nuraini, L. (2020). Faktor- Faktor Yang Mempengaruhi Cash Holding. Ekonomi Bisnis, 26(1), 243–252. https://doi.org/10.33592/jeb.v26i1.624
Azia, S., & Naibaho, E. A. B. (2022). Profitabilitas , NWC , dan Cash Flow terhadap Cash Holding dengan Ukuran Perusahaan sebagai Variabel Moderasi pada Asia Tenggara. Jurnal Riset Akuntansi Dan Keuangan, 10(3), 555–570. https://ejournal.upi.edu/index.php/JRAK/article/view/42895
Beguin, C., Kulmburg, A., Guignard, J. P., & Rufer, J. M. (1999). 13.The determinants and implications of corporate cash holdings. Journal of Financial Economics, 40(5), 223–228.
Dirvi, D. S. A. (2020). Pengaruh Growth Opportunity, Nwc, Cash Conversion Cycle, Ios Dan Leverage Terhadap Cash Holding. Jemasi: Jurnal Ekonomi Manajemen Dan Akuntansi, 16(1), 44–58. https://doi.org/10.35449/jemasi.v16i1.86
Fauzie, F. R., Wijayanti, A., & Siddi, P. (2020). Faktor- Faktor Yang Mempengaruhi Cash Holding. Jurnal Riset Akuntansi, 12(1), 25–41. https://doi.org/10.34010/jra.v12i1.2659
Fitri, M. A., & Dillak, V. J. (2020). Arus Kas Operasi, Leverage, Sales Growth Terhadap Financial Distress. Jurnal Riset Akuntansi Kontemporer, 12(2), 60–64. https://doi.org/10.23969/jrak.v12i2.3039
Guizani, M. (2017). The financial determinants of corporate cash holdings in an oil rich country: Evidence from Kingdom of Saudi Arabia. Borsa Istanbul Review, 17(3), 133–143. https://doi.org/10.1016/j.bir.2017.05.003
Humendru, A., & Pangaribuan, J. (2019). Faktor-Faktor Yang Mempengaruhi Kebijakan Cash Holding (Studi Kasus Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2012-2015). Jurnal Riset Akuntansi & Keuangan, 4(1), 1–22. https://doi.org/10.54367/jrak.v4i1.450
Kariuki, S. N., Namusonge, G. S., & Orwa, G. O. (2015). Determinants of Corporate Cash Holdings: Evidence From Private Manufacturing Firms in Kenya. International Journal of Advanced Research in Management and Social Sciences, 4(6), 15–33.
Kristanti, F. T., & Iswandi. (2019). The differences of company’s performance from CEO diversity. Polish Journal of Management Studies, 19(2), 240–249. https://doi.org/10.17512/pjms.2019.19.2.20
Le, T. N., Le, L. H., Duong, B. T., Hoang, A. T. T., Tran, V. T. T., & Nguyen, T. T. T. (2022). The influence of female leadership on the cash holdings of listed companies in Vietnam. International Journal of Advanced and Applied Sciences, 9(8), 55–64. https://doi.org/10.21833/ijaas.2022.08.007
Manajemen, J., Mempengaruhi, F., Holding, C., Trisanti, N., & Lestari, H. S. (2022). J-MAS. 7(2), 582–585. https://doi.org/10.33087/jmas.v7i2.462
Maya Sari, D., & Ardian, A. (2019). Cash Holding, Cash Flow dan Profitability: Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia. Jurnal Dinamika Akuntansi Dan Bisnis, 6(1), 29–38. https://doi.org/10.24815/jdab.v6i1.12142
Mouline, B., & Sadok, H. (2021). Determinants of corporate cash holdings: Evidence from the Moroccan market. Accounting, 7(6), 1231–1240. https://doi.org/10.5267/j.ac.2021.4.017
Naumoski, A., & Bucevska, V. (2022). Impact of Company-Specific Determinants on Corporate Cash Holdings: Evidence from SouthEast European Countries. Scientific Papers of the University of Pardubice, Series D: Faculty of Economics and Administration, 30(2). https://doi.org/10.46585/sp30021528
Rini, R. S. (2022). Pengaruh Cash Flow Dan Leverage Terhadap Cash Holding. Jurnal Akuntansi Berkelanjutan Indonesia, 5(1), 20–28. http://openjournal.unpam.ac.id/index.php/JABI
Saputri, E., & Kuswardono, A. (2019). Pengaruh Profitabilitas, Leverage, Firm Size, dan Growth Opportunity Terhadap Cash Holding Perusahaan (Studi Kasus Perusahaan Manufaktur yang Terdaftar Pada Bursa Efek Indonesia Periode Tahun 2013-2017). Management, and Industry (JEMI), 2(2), 91–104.
Tayem, G. (2016). The Determinants of Corporate Cash Holdings: The Case of a Small Emerging Market. International Journal of Financial Research, 8(1), 143. https://doi.org/10.5430/ijfr.v8n1p143
Wahjoe Hapsari, D., & Nabila Roma Norris. (2022). Determinant Of Cash Holding. Jurnal Akuntansi, 26(3), 358–373. https://doi.org/10.24912/ja.v26i3.960